Manaksia Coated Metals Reaches All-Time High Amid Broader Market Decline

Manaksia Coated Metals & Industries has shown significant activity today, gaining 8.18% and reaching a new 52-week and all-time high of Rs. 129.7. This performance marks a notable outperformance against the broader market, as the Sensex is currently down by 0.25%. Over the past three days, the stock has demonstrated a strong upward trend, accumulating a total return of 19.99%. In terms of moving averages, Manaksia Coated is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust short- to long-term performance. The stock has outperformed the sector by 7.77% today, reflecting its strong position within the iron and steel products industry. Looking at longer-term performance metrics, Manaksia Coated Metals & Industries has achieved impressive returns over various time frames, including a 95.81% increase over the past year and a staggering 469.87% rise over the last three years. The small-cap segment is currently leading the market, with the BSE Small Cap index gaining 0.13%.